Daily Analysis Thread

[Andrewunknown]

Originally Posted by millionaire07

plz I want to know how to determine AVERAGE DIRECTIONAL INDEX of a pair ( I attached the picture) I tried to use it but i cannot understand it.

millionaire07,
For more information on the ADX indicator and its creator J. Welles Wilder, please view this thread;

Trading Systems in 'New Concepts In Technical Trading Systems' by J. Welles Wilder

dpaterso is the resident BP expert on these topics, and has collected a lot of excellent information in this thread, some related to ADX.

[ForexPros]

Today’s US Dollar Trading
• Most of the action was this morning
• USD holds gains but weakens into the end of day
• Traders note profit-taking bids in the majors

Overnight Preview
• Likely a bout of short-covering due
• Quiet ahead of US data

Looking Ahead
All times EASTERN (-4 GMT)
• 7:30am USD Challenger Job Cuts y/y
• 10:00am USD Factory Orders m/m
• All Day USD Total Vehicle Sales
• 2:00pm USD Beige Book

Summary
After a strong overnight session the USD held overnight highs across the board failing to extend the current rally during US trade today; as expected ISM data came in neutral-to-weaker giving the Greenback a bit of a pause this morning. Although trading at significant highs to start the week the USD has failed to attract aggressive new buying traders say and in fact has given back some gains to make lows for the New York session against Swissy; other pairs remain mired in two-way action. Cable bounced nicely off the early NY lows for a full handle before settling back; traders note stops were the main driver of the rate. Following Cable was EURO naturally; also making NY highs above the 1.4540 area the rate fell back in quiet two-way action as well. Despite the large drop in Oil the EURO was able to hold important support at the 1.4460/70 area so far today and traders note that both GBP and EURO were seeing signs of stabilizing; both pairs continued to see profit-taking bids on the drops all day. USD/JPY has gone nowhere today making all its moves overnight and failing at the 109.00 handle to close in the 108.70 area; traders note that the resignation of Fukuda overnight was largely a non-event. For the most part today the Greenback remained inside the ranges established in the first few hours of early NY today; despite a rally in stocks and a slight recovery in oil the majors were simply not going anywhere after the day got started. On the block tomorrow the major news is likely to be the Beige Book but traders do not expect anything in there to either favor or hurt the USD. Analysts remain convinced the US economy has more sideways consolidation or even retreat to go first before a significant amount of data is seen to inspire confidence in a recovery. Traders look for the USD to remain under upward pressure but admit that the USD is due for a correction. In my view, the majors are overextended to the downside and are showing signs of a near-term bottom. With sentiment favoring further declines yet an overextended technical picture it seems reasonable that a relief rally is due soon. Look for the USD to trade sideways tonight ahead of US data tomorrow.

GBP/USD Daily
Resistance 3: 1.8120/30
Resistance 2: 1.8080
Resistance 1: 1.8000/10
Latest New York: 1.7830
Support 1: 1.7780
Support 2: 1.7740/50
Support 3: 1.7720

Comments
Despite sharp drop during holiday trade the rate is attracting bids from larger names traders say; price drop likely over-extended on sympathy selling from EURO. Oil no doubt helping to drive trade but rate is becoming severely oversold. Overnight volumes lighter traders say; cross-spreaders active in Sterling and EURO. Drop is drawing profit-taking bids suggesting the bottom is finally trying to form near-term. Overdue for a short-covering rally. Likely an exhaustion drop. Close back above the 1.8020 area needed to take some of the pressure off. This stop-driven break is likely a head fake in my view. Traders expect GBP to track EURO through this week. Continue to expect a lot of cross-trading.
Data due Wednesday: All times EASTERN (-4 GMT)
Tentative GBP Halifax HPI m/m
4:30am GBP Services PMI
5:30am GBP BRC Shop Price Index y/y

EURO/USD Daily
Resistance 3: 1.4630
Resistance 2: 1.4600
Resistance 1: 1.4550
Latest New York: 1.4512
Support 1: 1.4460/70
Support 2: 1.4420
Support 3: 1.4400

Comments
Sympathy selling from GBP and lower oil drives rate into large stops under the 1.4550 area; likely an exhaustion drop as the rate is attracting professional buying. Volumes not impressive on the move traders say. Rate is overdue for a short-squeeze. EX reversals are now negated near-term if a close today is under previous support at the prior low of 1.4570 area. Traders suggesting that the rate is vulnerable to a short squeeze. Market is heavily short now so expect a rally. Aggressive traders can continue buying this dip for a return to resistance. Rate continues to track Cable and vice-versa. Now that stops are cleared a rotation higher is coming. US data this week likely to be unfriendly so be ready for whipsaw.
Data due Wednesday: All times EASTERN (-4 GMT)
4:00am EUR Final Services PMI
5:00am EUR Retail Sales m/m
5:00am EUR Revised GDP q/q

Analysis by: Forexpros.com written by Jason Alan Jankovsky

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

[ForexPros]

Today’s US Dollar Trading
• USD fails to extend gains
• Majors make highs in New York
• BOC keeps rates firm

Overnight Preview
• Look for follow-on selling
Looking Ahead to Thursday

All times EASTERN (-4 GMT)
• 8:15am USD ADP Non-Farm Employment Change
• 8:30am USD Revised Nonfarm Productivity q/q
• 8:30am USD Unemployment Claims
• 8:30am USD Revised Unit Labor Costs q/q
• 10:00am USD ISM Non-Manufacturing PMI
• 10:35am USD Natural Gas Storage
• 11:00am USD Crude Oil Inventories
• 1:40pm USD FOMC Member Fisher Speaks

Summary
After a firmer start the USD has given back some of its gains today after minor US data failed to inspire further gains; technical factors also likely helped the majors stay the course of further erosion. Despite recent weakness the majors were able to stage an intraday rally during the New York session and close well off their lows after making highs during the day after the London fix today. Although a reversal is not quite underway the signs that the USD rally may at least take a pause during the next 24 hours are beginning to show. Cable rallied off the European lows for a high print at 1.7842 before sellers capped the move. Traders note a potential short squeeze could develop should new highs happen during the next day or two. EURO rallied as well for a high print at 1.4533 before sellers capped the move but the same result is possible should a rally extend past the 1.4550 area traders say. Although no major factors could support today’s action most analysts are suggesting that oversold conditions may result in a relief rally near-term. USD/JPY fell on stops for a low print at 108.09 and failed to attract additional buying on the dip ending the day near the lows and possibly in position to challenge the weekly lows around the 107.70 area. USD/CAD broke back as well printing a low print after the BOC rate announcement at 1.0576 drawing an additional reversal signal from the toolbox; traders note that unless the rate can manage another high above today’s high this week the rate has likely put in a double-top on the longer term charts. Swissy also reversed during the day making the USD a coordinated move lower across all the major pairs. In my view, the USD is overdue for a corrective rally and depending on the quality of that rally it might be resuming the overall longer-term bearish scenario. I would look for a net-lower overnight session in Asia tonight and with a lot of potentially bearish data due during the US session tomorrow it is likely that the USD will end lower on the week from here.

GBP/USD Daily
Resistance 3: 1.7950
Resistance 2: 1.7900
Resistance 1: 1.7850
Latest New York: 1.7769
Support 1: 1.7660/70
Support 2: 1.7620/30
Support 3: 1.7600

Comments
Rate showing signs of bottoming, light stops noted above the market. Profit-taking bids continue as well. Price drop likely over-extended on sympathy selling from EURO. Oil no doubt helping to drive trade but rate is becoming severely oversold. Overnight volumes lighter traders say; cross-spreaders active in Sterling and EURO. Drop is drawing profit-taking bids suggesting the bottom is finally trying to form near-term. Overdue for a short-covering rally. Likely an exhaustion drop. Close back above the 1.8020 area needed to take some of the pressure off. This stop-driven break is likely a head fake in my view. Traders expect GBP to track EURO through this week. Continue to expect a lot of cross-trading.
Data due Thursday: All times EASTERN (-4 GMT)
Tentative GBP Halifax HPI m/m
Tentative GBP MPC Rate Statement
7:00am GBP Official Bank Rate

EURO/USD Daily
Resistance 3: 1.4600
Resistance 2: 1.4550
Resistance 1: 1.4530
Latest New York: 1.4500
Support 1: 1.4370/80
Support 2: 1.4350
Support 3: 1.4300

Comments
Rate showing signs of bottoming as well, likely stops rolled down to around the 1.4550 area. Likely an exhaustion drop as the rate is attracting professional buying. Volumes not impressive on the move traders say. Rate is overdue for a short-squeeze. EX reversals are now negated near-term; Traders suggesting that the rate is vulnerable to a short squeeze. Market is heavily short now so expect a rally. Aggressive traders can continue buying this dip for a return to resistance. Rate continues to track Cable and vice-versa. Now that stops are cleared a rotation higher is coming. US data this week likely to be unfriendly so be ready for whipsaw.
Data due Thursday: All times EASTERN (-4 GMT)
6:00am EUR German Factory Orders m/m
7:45am EUR Minimum Bid Rate
8:30am EUR ECB Press Conference

Analysis by: Forexpros.com written by Jason Alan Jankovsky

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

[ForexPros]

Today’s US Dollar Trading
• USD rallies in US trade after starting weaker in Asia
• Two way technical trade the rule today
• Traders note volumes were moderate

Overnight Preview
• Look for more consolidation
• Two-way action likely

Looking Ahead to Wednesday
All times EASTERN (-4 GMT)
• 10:00am USD Existing Home Sales
• 10:00am USD Fed Chairman Bernanke Testifies
• 10:35am USD Crude Oil Inventories
• 2:30pm USD Fed Chairman Bernanke Testifies

Summary
The USD is slightly better today as traders continue to digest the effects and solutions to the recent financial crisis affecting global trade. Debate is raging on Capitol Hill regarding exactly how to implement the fiscal bailout plan proposed by the US treasury and the Federal Reserve. Sentiment is leaning more toward an emergency plan sooner-rather-than-later and if the US congress fails to act decisively and confidently by the end of the week it is likely that investor confidence in a solution will begin to wane. In response the Greenback opened better overnight and built on small gains into US trade and then as equities failed to hold gains began to slide off. Traders note that stops in most pairs were triggered during US action suggesting that many had set new USD shorts overnight or early today when the USD failed to hold gains but were whipsawed on minor price action. GBP railed for a high print overnight at 1.8636 before dropping back and made lows on the day in New York at 1.8470 before attempting a recovery back to the middle of the range. Traders note volumes were modest but enough to cause some intraday volatility. EURO followed cable lower during the day for a low print at 1.4621 before returning to the 1.4700 handle later; traders note that in both pairs a “buy the dip” mentality is currently in play but no one is certain how far a correction from recent strength may go. End result is that traders are nervous and unwilling to hold positions for too long leaving the markets vulnerable to intraday whipsaw. USD/JPY rallied for a new high in New York at 106.09 before dropping back to the low 105.00 handle; traders note technical resistance at the 106.00/20 area appears firm on the first try at a bounce. Other pairs are suffering the same fate as the USD/JPY; Swissy is off the rally highs at 108.15 with a high print at 1.0891. Traders note that the USD/CHF pair has made a perfect retracement to the breakdown point of 1.0880 before sliding off suggesting that the rate will likely suffer a move back to the lows around the 1.0700 handle. USD/CAD is falling back from its highs as well and looks almost certain to break the 1.0500 handle near-term; traders note that a lot of offers were absorbed in that pair suggesting that there is a lot of technical buying of support in Loonie. In my view, the USD is likely to continue two-way and cover a lot of the same ground twice but with a lower bias. Best action is to sell rallies in my view.

GBP/USD Daily
Resistance 3: 1.8700
Resistance 2: 1.8680
Resistance 1: 1.8620/30
Latest New York: 1.8573
Support 1: 1.8480
Support 2: 1.8420/30
Support 3: 1.8380

Comments
Rate two-way overnight, remains near opening range into the close. Some selling pressure seen but rate is likely to press for highs on more bad news. Resistance is cleared the other side of the 1.8500 handle so expect a pullback to be bought hard. Aggressive traders can buy the next dip but also look to lighten longs into the 1.8700 area if it comes. Equities pullback vote of “no confidence” so far on the bailout. Possible sovereign interest on the rally as semi-officials seen on dips in both EURO and GBP recently. Some stops triggered along with active buying. In my view, the GBP has weathered the storm fairly well and it suggests no serious down move near-term. Traders note stops mixed with offers above the market also. Major support has held for two weeks now, any weakness likely to be bought hard. Profit-taking bids continue as well. Close above the 1.8500 area for the week likely argues for another leg higher to end the month.
Data due Wednesday: All times EASTERN (-4 GMT)
6:00am GBP CBI Realized Sales
4:45pm GBP MPC Member Sentance Speaks

EURO/USD Daily
Resistance 3: 1.4920/30
Resistance 2: 1.4880
Resistance 1: 1.4850
Latest New York: 1.4701
Support 1: 1.4620/30
Support 2: 1.4580
Support 3: 1.4550

Comments
Rate two-way and likely tracking GBP a bit; follows GBP higher but lots of stops and active buying seen. Light pressure intraday easily absorbed despite fear of pullback. New weekly high yesterday below major resistance and rate is inside range so far today suggests a point of indecision. Likely support will hold at the 1.4330 area. Some upside drawn from Cable no doubt. Expect more two-way action with upside bias; traders note the rate is firm on dips so far despite the uncertainty in the market. Volumes better during European trade than in Asia overnight. Traders report offers in size being absorbed. Traders suggesting that the rate is trading technically but likely this rally forced techies to the sidelines. Close over the 1.4700 area to end this week will make a lot of shorts nervous next week possibly extending a short-covering rally. Expect a solid higher close for the week. If long, look to add to positions on any weakness. Likely a dip back to the 1.4300 handle will offer a solid buy opportunity.
Data due Wednesday: All times EASTERN (-4 GMT)
4:00am EUR German Ifo Business Climate
4:00am EUR Current Account
4:00am EUR Italian Retail Sales m/m

Analysis by: Forexpros.com written by Jason Alan Jankovsky

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

[Marcuse]

Oh my god! I thought it was updated and I was about to freak out when I saw the EURO/USD Daily with the figures showing something completely different5 to reality today, I suggest that we keep this thread updated

[ForexPros]

Today’s US Dollar Trading
• USD covers the same ground twice in two-way action
• Volumes modest
• Traders remain focused on bailout options

Overnight Preview
• Look for the USD to remain two-sided
• Potential to rally increasing

Looking Ahead to Thursday
All times EASTERN (-4 GMT)
• 8:30am USD Core Durable Goods Orders m/m
• 8:30am USD Unemployment Claims
• 8:30am USD Durable Goods Orders m/m
• 10:00am USD New Home Sales
• 10:35am USD Natural Gas Storage
• 1:00pm USD FOMC Member Warsh Speaks
• 7:30pm USD FOMC Member Fisher Speaks
• 7:45pm USD FOMC Member Plosser Speaks

Summary
The USD is on the offensive this afternoon although volumes are light and trade seems driven by rhetoric and technical factors. Traders remain nervous over the delay in passing the bailout bill and adding insult to injury today’s testimony by Paulson and Bernanke on Capitol Hill has been largely a repeat of yesterday’s discussion suggesting that legislator’s are dragging their feet or just plain need to have something told to them twice. Equities have been two-sided as have been traditional hedges such as gold and bonds. Traders note that if much more “talking” instead of “acting” were to continue then investor confidence may begin to turn south. GBP continued to trade within existing ranges but had a sharp break lower mid-day as the USD had a rally late; low prints at 1.8474 are still a healthy 10 handles off the lows but the charts are looking a bit bearish this afternoon. EURO suffered the same breaking back to new lows in New York trade for a low print at 1.4628; traders note that stops were triggered on new lows in both pairs suggesting that late longs were buying dips. USD/JPY tried for a new high but has encountered strong resistance at the 106.20/30 area as the pair rallied back from low prints in New York at 105.34 to trade 106.10 late in the day. This kind of whipsaw is to be expected but the key thing is for the rate to hold under the 106.30 area in my view. Swissy rallied as well making new lows this morning then bouncing to new highs this afternoon; high prints at 1.0915 were offered by technical traders but more whipsaw is expected. Across the board the Greenback is under duress as technical factors favor two-way trade but fundamentals favor lower prices; today’s existing home sales again showed a decline but as expected traders are remaining focused on the bailout plan. Should congress fail to reach at least a reasonable agreement the next 24 hours I think the markets will vote “no confidence” in any plan by early next week. Despite the recent rally in the majors a pullback is to be expected and with the uncertainty it would be reasonable to expect large volatility near-term. If holding USD shorts it is wise to either lighten up or go flat completely. Look to exploit a USD rally by selling into the move should the USD have a retracement.

GBP/USD Daily
Resistance 3: 1.8700
Resistance 2: 1.8680
Resistance 1: 1.8620/30
Latest New York: 1.8512
Support 1: 1.8480
Support 2: 1.8420/30
Support 3: 1.8380

Comments
Rate two-way overnight, remains near unchanged to open New York; two-way action continues. Some selling pressure seen but rate is likely to press for highs on more bad news. Resistance is cleared the other side of the 1.8500 handle so expect a pullback to be bought hard. Aggressive traders can buy the next dip but also look to lighten longs into the 1.8700 area if it comes. Equities pullback vote of “no confidence” so far on the bailout. Possible sovereign interest on the rally as semi-officials seen on dips in both EURO and GBP recently. Some stops triggered along with active buying. In my view, the GBP has weathered the storm fairly well and it suggests no serious down move near-term. Traders note stops mixed with offers above the market also. Major support has held for two weeks now, any weakness likely to be bought hard. Profit-taking bids continue as well. Close above the 1.8500 area for the week likely argues for another leg higher to end the month.
Data due Thursday: All times EASTERN (-4 GMT)
8:40am GBP MPC Member Barker Speaks

EURO/USD Daily
Resistance 3: 1.4800/10
Resistance 2: 1.4780
Resistance 1: 1.4710/20
Latest New York: 1.4627
Support 1: 1.4620/30
Support 2: 1.4580
Support 3: 1.4550

Comments
Late pullback on technical factors; some spillover from GBP. Rate two-way and dips are being bought, follows GBP higher but lots of stops and active buying seen. Light pressure intraday easily absorbed despite fear of pullback. Weekly high below major resistance and rate is inside range so far today suggests a point of indecision. Likely support will hold at the 1.4330 area. Some upside drawn from Cable no doubt. Expect more two-way action with upside bias; traders note the rate is firm on dips so far despite the uncertainty in the market. Volumes better during European trade than in Asia overnight. Traders report offers in size being absorbed. Traders suggesting that the rate is trading technically but likely this rally forced techies to the sidelines. Close over the 1.4700 area to end this week will make a lot of shorts nervous next week possibly extending a short-covering rally. Expect a solid higher close for the week. If long, look to add to positions on any weakness. Likely a dip back to the 1.4300 handle will offer a solid buy opportunity.
Data due Thursday: All times EASTERN (-4 GMT)
2:00am EUR GfK German Consumer Climate
4:00am EUR Italian Trade Balance
4:00am EUR M3 Money Supply y/y
4:00am EUR Private Loans y/y

Analysis by: Forexpros.com written by Jason Alan Jankovsky

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

[Marcuse]

well I hope that the GPBUSD goes up, reaching the 1.85680 in less than an hour

[Mennon]

Please, continue to write, very much the helpful information.

[ForexPros]

Today’s US Dollar Trading
• Stops and active selling drive majors to new lows
• USD/JPY falls to parity
• Volumes only moderate

Overnight Preview
• More follow-on selling expected
• USD likely to consolidate

Looking Ahead to Tuesday
All times EASTERN (-4 GMT)
• 11:00am USD FOMC Member Stern Speaks
• 1:15pm USD Fed Chairman Bernanke Speaks
• 2:00pm USD FOMC Meeting Minutes
• 3:00pm USD Consumer Credit m/m

Summary
Traders are buying USD in size as flight to quality fears pervade a global meltdown in the financial sector. Equities were off over 800 points in late trading as the DJIA drops under the 10,000 level; NASDAQ off under the 1800 area leaving that market at a ten-year low. Oil off as well trading under the $90.00/BBL level as traders fled commodities as well. Of course the USD rallied as value was re-adjusted leaving the major currencies falling hard with the exception of USD/JPY; USD/JPY dropped over 600 points for a low print at 100.22 as equities fell off leaving the Yen as the reserve currency today. GBP and EURO fell hard as well with both pairs well below technical levels considered important for continued gains against the USD suggesting that the USD has more upside to go; although that is remote as there are few buyers left after a move like this. GBP fell to a low print at 1.7335; EURO low prints at 1.3453. Traders note that sentiment is so overwhelmingly fearful of counterparty risk that there are no buyers for the majors despite price levels that only six months ago would be considered dirt-cheap. In my view, the USD is acting as a flight-to-quality recipient to the point that no one will buy anything else. In a situation like this it is almost impossible to find a bottom in the majors as traders have little to base a price fix on because the markets are trading with so little common-sense; everyone is panicking to the point that no one will let go of their USD and will only look to buy more. I think it is important to remember that in a trading environment like this there will be some incredible values coming around the block soon. When the process of USD flight to quality ends the USD will become more vulnerable than it likely has been in 50 years. No matter your personal point of view today, this rally in the USD is not sustainable in my view and you need to be ready to sell the Greenback soon.

GBP/USD Daily
Resistance 3: 1.8180
Resistance 2: 1.8050
Resistance 1: 1.7880
Latest New York: 1.7433
Support 1: 1.7340
Support 2: 1.7280
Support 3: 1.7200

Comments
Rate is two-way on the way down to trade under support around the 1.7300 area; volumes lighter and traders note large names absent. Rate is likely heavily over-sold. Follow-on selling likely to attract short-covering on further weakness. Follow-on selling likely from technical’s and spillover from EURO. Aggressive traders can buy this dip; look for a recovery back to the 1.8000 handle near term. Two-way action likely near-term; heavy focus on bailout plan. Possible sovereign interest on the dip as semi-officials seen on dips in both EURO and GBP recently. Some stops triggered along with active selling; traders note profit-taking bids. Major support has held for two weeks now, any weakness likely to be bought hard. OK to buy any time in my view.

Data due Tuesday: All times EASTERN (-4 GMT)
Tentative GBP Halifax HPI m/m
4:30am GBP Manufacturing Production m/m
4:30am GBP Industrial Production m/m
7:01pm GBP Nationwide Consumer Confidence

EURO/USD Daily
Resistance 3: 1.3900/10
Resistance 2: 1.3880
Resistance 1: 1.3800/10
Latest New York: 1.3518
Support 1: 1.3440
Support 2: 1.3400
Support 3: 1.3380

Comments
Rate fails overnight at the two-year 50% fib defense at 1.3850 after a volatile start; pullback to the 1.3400 handle on lighter volume. Rate is an absolute screaming buy in my view. Aggressive traders can buy anytime under the 1.3900 handle in my view. Traders note stops triggered on the way down along with technical selling. Oil weaker helps pressure also. Traders note stops building above the market but those likely remain out of range today. Expect more two-way action with upside bias; traders note the rate is finding profit-taking bids on dips so far despite the uncertainty in the market. Traders suggesting that the rate is continuing to trade technically. A bottom is due soon but the question is where.
Data due Tuesday: All times EASTERN (-4 GMT)
6:00am EUR German Factory Orders m/m
9:30am EUR ECB President Trichet Speaks

Analysis by: Forex | Forex Trading | Currency Trading | Forex Brokers - Written by Jason Alan Jankovsky

Disclaimer:
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

[Marcuse]

I´m not getting it! I thought the dollar was going to fall against the Euro and GBP, and thinking just in case… I placed an order in the USD/JPY but the dollar is recovering against euro and GBP and falling with the JPY parity… what the hell is going on?